State Bank of India (SBI) has put 12 Non-performing Assets (NPAs) with total outstanding of Rs 848.54 crore for sale. The bank will conduct the e-auction on April 20, 2018. The bank has placed these accounts for sale to asset reconstruction companies (ARCs)/banks/NBFCs/financial intuitions.
Of these accounts, Surat based Garden Silk Mills has the highest outstanding of Rs 225.06 crore, followed by Korba West Power Company (Gurgaon) Rs 124.78 crore, Modern Steels (Chandigarh) Rs 122.61 crore and SNS Starch (Secunderabad) Rs 66.87 crore.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
